Shaw Part of Team Selected to Manage the U.S. Department of Energy Yucca Mountain Project

BATON ROUGE, La.--()--The Shaw Group Inc. (NYSE: SGR) announced today that its Environmental & Infrastructure Group is part of a team selected to manage and operate the U.S. Department of Energy (DOE) Yucca Mountain Nuclear Repository Project in Nevada. Shaw will perform as a principal subcontractor to USA Repository Services, LLC, led by the Washington Division of URS, in support of the DOE Office of Civilian Radioactive Waste Management for the Yucca Mountain Project.

Professional support services to be provided by the team include completing the detailed design of the repository, defending and updating the Nuclear Regulatory Commission (NRC) license application, operating Yucca Mountain facilities prior to the NRCs Construction Authorization and supporting construction management and operation of the repository. The value of Shaws scope associated with this award was undisclosed.

Douglas E. Cooper, a Shaw executive with extensive nuclear industry experience, will transition to USA Repository Services as general manager for the company. Mr. Cooper previously served as vice president of Shaws Maintenance Division, having provided corporate oversight for Shaws Exelon nuclear projects, including maintenance, modifications and construction operations for 17 NRC-licensed nuclear reactors at 10 complex, multi-unit nuclear sites. For more than 29 years, Mr. Cooper has managed all facets of commercial nuclear plant operations and compliance with all NRC licensing requirements. Prior to joining Shaw, Mr. Cooper served as a chief nuclear officer responsible for directing utility employees and subcontractors for large nuclear power plant projects while improving ratings in site performance, safety and plant reliability.

Shaw has provided oversight support on the preliminary design and licensing of the Yucca Mountain project for almost 11 years. We are pleased to increase our involvement and expand the professional services provided to this first-of-a-kind project. This is a significant initiative for the Department of Energy in achieving its vision to safely manage spent nuclear reactor fuel and other nuclear waste," said J.M. Bernhard Jr., chairman, president and chief executive officer of Shaw. We are proud to commit Mr. Cooper, one of our most qualified nuclear leaders, to manage this team, and we are confident in his ability to lead this project of strategic national importance.

As a major provider of complete lifecycle services to the nuclear industry, Shaw has been involved in several first-of-a-kind nuclear projects for the DOE and the commercial nuclear industry. Most recently, Shaw and its consortium partner Westinghouse Electric Company were selected to build six new AP1000 nuclear units in the U.S. the nations first new nuclear power plants to be built in more than 30 years. Shaw is also the primary contractor for the DOEs Mixed Oxide Fuel Fabrication facility at Savannah River, S.C.

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets. A Fortune 500 company with fiscal year 2008 annual revenues of $7 billion, Shaw is headquartered in Baton Rouge, La., and employs approximately 26,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. Shaw is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For further information, please visit Shaw's Web site at www.shawgrp.com.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management believes, expects, anticipates, plans or other similar expressions) and statements related to revenues, earnings, backlog, or other financial information or results are forward-looking statements based on the Companys current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Companys reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's Web site under the heading "Forward-Looking Statements. These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the Company and announcements it makes from time to time on a regional basis, visit our Web site at www.shawgrp.com.

Contacts

The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
or
Media Contact:
Chris Chambers, 225-987-7372

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Contacts

The Shaw Group Inc.
Financial Contact:
Chris Sammons, 225-932-2546
or
Media Contact:
Chris Chambers, 225-987-7372